Magnetic | Y Combinator
AI tax prep for CPA firms; scans client documents into UltraTax, Drake, ProConnect.
Weak funding evidence: mention does not include a parsed raise amount/round and may refer to non-funding context.
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Evidence-bound summary — expand sections for movement, risks, and signals.
Memo snapshot · May 20, 2026, 6:20 PM
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TL;DR
Seed (YC)Magnetic | Y Combinator AI tax prep for CPA firms; scans client documents into UltraTax, Drake, ProConnect.
Raised $500K across 1 funding round. Latest: $500K Seed (Jan 2025). Investors: Y Combinator. (High).
Funding
Raised $500K across 1 funding round. Latest: $500K Seed (Jan 2025). Investors: Y Combinator. (High).
Product / news
Limited product/news coverage in corpus (Low).
Verified facts
AI tax prep for CPA firms; scans client documents into UltraTax, Drake, ProConnect.
Weak funding evidence: mention does not include a parsed raise amount/round and may refer to non-funding context.
No open roles indexed yet.
The index price and activity score are algorithmic estimates based on observed public company-level signals. They may be incomplete, stale, or inaccurate and are not investment, legal, tax, or business advice.
Source types found
Strongest / recent news-style rows
Wed, May 20, 06:20 PM · confidence 88%high quality
wikipedia · Mon, Jun 29, 02:12 AM · confidence 50%medium quality
wikipedia · Mon, Jun 29, 02:12 AM · confidence 50%low quality
Newest first · 18 event(s)
AI tax prep for CPA firms; scans client documents into UltraTax, Drake, ProConnect.
Source: npm_registry
Pointer-tracking magnetic UI elements for React with spring physics and a shared orchestrator.
Source: npm_registry
Pipedream Magnetic Components
Source: npm_registry
react magnetic scroll component
Source: npm_registry
A reusable Angular 18+ magnetic sidenav-style menu component.
Source: npm_registry
Context driven dependency injection
Source: wikipedia
Hiring for applied AI engineering roles.
2 row(s)
Third-party press coverage. Independent reporting corroborates company claims; repeated coverage across outlets is a momentum signal.
Why it matters: Independent coverage — third-party corroboration of company claims; recurring coverage indicates rising visibility.
Open source ↗Why it matters: Independent coverage — third-party corroboration of company claims; recurring coverage indicates rising visibility.
Open source ↗1 row(s)
Funding announcements and investor-database records. The strongest public signal of capitalization: round, amount, and syndicate quality when disclosed.
AI tax prep for CPA firms; scans client documents into UltraTax, Drake, ProConnect.
Why it matters: Funding signal — Seed per this source; verify against the linked original before relying on it.
Open source ↗2 row(s)
Open roles and careers pages. Active hiring implies runway to spend and shows where the company is investing (engineering vs GTM vs ops).
Magnetic
Why it matters: Hiring signal — open roles imply runway to spend and show where the company is investing.
Open source ↗Magnetic
Why it matters: Hiring signal — open roles imply runway to spend and show where the company is investing.
Open source ↗5 row(s)
Public engineering activity. Sustained commits, releases, and stars indicate real product development and, for dev tools, developer adoption.
Pointer-tracking magnetic UI elements for React with spring physics and a shared orchestrator.
Why it matters: Engineering signal — public repo activity evidences active development and possible developer adoption.
Open source ↗Pipedream Magnetic Components
Why it matters: Engineering signal — public repo activity evidences active development and possible developer adoption.
Open source ↗react magnetic scroll component
Why it matters: Engineering signal — public repo activity evidences active development and possible developer adoption.
Open source ↗A reusable Angular 18+ magnetic sidenav-style menu component.
Why it matters: Engineering signal — public repo activity evidences active development and possible developer adoption.
Open source ↗Context driven dependency injection
Why it matters: Engineering signal — public repo activity evidences active development and possible developer adoption.
Open source ↗7 row(s)
Social presence and mentions. A soft signal — useful for gauging attention and launch reception, not a substitute for verified traction.
Magnetic
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗Magnetic
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗Magnetic
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗Magnetic
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗Magnetic
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗Magnetic
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗Hiring for applied AI engineering roles.
Why it matters: Attention signal — social mention or presence; soft signal of market interest.
Open source ↗1 row(s)
Company blog and newsletters. Shipping cadence and technical depth of posts hint at product velocity and team quality.
Magnetic
Why it matters: Company publishing — post cadence and depth hint at product velocity.
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